There is travel time and cost involved.

If not, can anyone share how you find reliable and cost effective landlord insurance policies?

You need to compare your cost of living, and overall personal cashflow each money with your current situation vs. this potential new acquisition.

Trusts do have benefits, but the costs for you at this juncture may outweigh those benefits.Often times, what people truly want is to just be protected in the event the unforseen happens with the property, and thus, a solid, robust insurance policy is often the most cost effective route at this point.

This can be advantageous in making offers to purchase more competitive, allow buyers to be more aggressive with purchase price and reduce closings costs.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

. $16k entry cost plus closing costs.I have 20k saved in cash$83,000 pp 2bed 1bath 950sqft.

Are you financially in a position to handle the cost to see this project through?

You don't have a lot of equity in it after you factor in closing costs and realtor's fees. 

I live in NJ, and it has a very high cost of living and with the current rate of interest, makes it a very pricey market so to say, and not that investment real estate friendly.